Hess in the Media: E&P Magazine
Hess Corporation Logo
SEARCH

Hess in the Media: E&P Magazine

  • NorthDakota_MMorrison_0577_140521_Pumpjacks #0302_medium

In an interview with E&P Magazine’s Senior Editor Jennifer Presley, COO Greg Hill outlined how Hess Corporation is making its success repeatable through implementation of Lean manufacturing principles.

Examples of those successes include:

  • Zero nonproductive time (NPT) on an exploratory well offshore West Africa
  • 62% improvement in spud-to-spud drilling performance in the Bakken
  • 50% decrease in turnaround time in Equatorial Guinea
  • Zero safety incidents and a significant reduction in construction time at the Stampede project in the Gulf of Mexico


“Basically, it’s about building a culture of problem solvers or, as we call it, an army of problem solvers,” Hill said in the interview. “The role of the leader is actually to facilitate the problem-solving process with his team of workers because the best person who knows how to fix something is the person doing the work.”

Hill added that he hoped the industry would use the current downturn as a means to focus on inefficiencies that have been built into the business. “Lean is one way to address it,” Hill said. “It is the way Hess is doing it because it works extremely well.”

“Through Lean, Hess found a way to survive the lean times present during a market downturn,” Presley wrote. “The company’s willingness to endure a journey of cultural change should contribute to its future longevity.”

Click here to read the article.

Click here to download the pdf.

Latest Hess News
  • Upstream: Hess Checks Off Stampede Installation

    Hess has ticked off another milestone in its progress to first oil at the Stampede development in the US Gulf of Mexico, having completed installation of its tension-leg platform offshore. The US independent also said hookup activities had begun for the development in Green Canyon Blocks 468, 511 and 512.
    Full story
  • Hess’ 2016 Sustainability Report Shows Continued Progress in Safe, Responsible Business Practices

    Hess published its 2016 Sustainability Report, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives.
    Full story
  • Hess Reports Estimated Results for the 2nd Quarter of 2017

    Hess Corporation reported a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017 compared with a net loss of $392 million, or $1.29 per common share, in the second quarter of 2016, reflecting a lower effective tax rate in 2017 from the required change in deferred tax accounting.
    Full story